Get ready for ACTION!

Discussion in 'Forex' started by clambill, Feb 10, 2010.

  1. According to Bloomberg, Greece said tomorrow will be CRUCIAL to what happens in their debt situation.

    I developed a method which allows you to participate in a change in direction. Right now, we'd need another positive day in the EUR/JPY to confirm a change in direction and two positive days in the S&P 500 to confirm a change in direction (according to my method). Anyway, if it fails, we might have another plunge like a few days ago.
  2. Uh, I stayed up until 4 o'clock in the morning for nothing. I suspected some SIGNIFICANT news was coming out for Greece. Instead, they announced the IMF would offer their expertise, not money on how they could solve their financial crisis. I got out of my long then went to bed. I was so tired at 4AM I forgot I could have gone short.
  3. Gcapman


    I don't think you grasp what has just happened (or not happened)

    Greece is essentially a tip-away from major meltdown

    The next review is in 4 weeks by the EU

    The Euro should be around 1.2 by that time unless they do something real fast
  4. Well, my thinking was that if there was significant positive news from the EU meeting, that the EUR/JPY would rally.

    But, yeah, I'm not a fundamentalist. I'm a little stunned at the lack of anything concrete coming out in the news today.